Contract Management for Energy, Mining, Oil & Gas Industries
Transforming power industry with robust end to end contract solutions to help you focus your time, money & resources wisely fostering innovation & growth with paperless compliance
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Maximize performance and productivity with e-Contracts to streamline legal workflows and reduce costs
eContracts in collaboration with Office 365 help clients build online contract capabilities adhering to compliance with external government regulations / internal policies, or conformance with General Practices, Manuals and Trading Policies, especially where entities operate in a highly complex regulatory and legal environment and are subject to regulatory oversight by several government entities such as the US Commodity Futures Trading Commission (CFTC) and the Federal Energy Regulatory Commission (FERC).
We engage at a deep level across our clients’ businesses in energy, oil & gas & mining sectors to develop comprehensive contract solutions required to champion business relationships with your privileged business partners.. eContracts aids you to understand and mitigate regulatory and compliance risks such as market variance, bribery & corruption, technology advancement, data security, money laundering, and others.
Feature Highlights
Portfolio level management for agreements, compliance timeline, task tracking and work orders. Read more..
Support financial models and tracking of financial obligations for both sell-side (PPA) and Buy side (BOP, Interconnection) agreements Read more..
Support for tracking of key activities such as renewals, incident handling, warranty claims, Insurance claims, non-compliance and closeouts Read more..
Monitor contractual performance of overall portfolio, contractors and subcontractors, contracts and assets using visual charts, analytics and KPIs Read more..
Support efficient document automation (standard templates), data management and integration for executive and compliance reporting Read more..
Mitigate Contractual Risk with timely reporting of contract progress, deadlines, contract evaluation Read more..
Oil, Gas & Mining Industries
Contract Solutions
Being an industry heavily reliant on suppliers, vendors & distribution networks, the risk and complexity of the oil and gas sector increase the importance of having a clear long term contract implementation and execution plan. Our understanding of key contract governance areas enables you to streamline all business processes with a single Contract Management Software
Client Obligations:
- Risk Service Management:Oilfield Services
- Knock for Knock Indemnities Handling
- Mutual hold harmless disclosures
- Bonus agreements: Signature Bonus, First Sale, Production Bonus
- NEC Provisioning
- Compliance to JCT guidelines
- Building Contracts: Procurement: Lumpsum, Measurement, Cost Reimbursement Arrangements
- Packaged Deal & Turnkey Contract Management
- Construction Management
Contract Visibility across Oil, Gas & Mining Value Chain
Key Functions
- Oilfield Exploration
- Field Installations & Development
- Production Operations
Key Contracts
- BOO, BOOT, BOT Contracts
- Conceptual Design Agreements
- Land & Equipment Lease & Royalties
- Mechanical & electrical Installation Contracts
- Subcontractor Billing Agreements
- Production sharing Agreements
- PMC (Project Management Contracts)
- Farm in & farm out Contracts, Risk Agreements & concessions
Key Functions
- Transportation & Quality Control
- Extraction & Processing
- Storage & Distribution
Key Contracts
- Fixed Term & Flexible Contracts
- Collective purchase Contracts
- Oil and Gas Pipeline Contracts: Well Testing Services & Support
- LSTK Contracts
- Seismic options Agreements
- Lease exchange Agreements
- Bidding Agreements & methods of conveyance
- Subsea & SURF Contracts
Key Functions
- Manufacturing & Heavy Equipment Procurement
- Distillation, Refining & Labelling
- Wholesaling & Marketing
Key Contracts
- Minerals Supply Contracts
- Machineries:Pump/Valves/Motors/Turbine Supply Contracts
- Mining Consultancy Services
- Pellet Sale & Purchase Agreements
- Business Combination Agreement
- Severance Contracts
- Tenders & Running Account Contracts
- Work-Order Contracts
- O&M Contracts
Key Functions
- Outsourcing, Leasing, Contracting & Sub-Contracting
- Field Project Management
- Heavy Machineries or Specialized Equipment Providers
Key Contracts
- Term, Framework & Metering Provider Contracts
- Control Systems & SCADA Contracts
- Civil works Contracts
- Finance & Legal Contracts
- HSE Services & Equipment Contracts
- New Software Licensing
- Employment Agreements
- Non-compete Agreements
Key Functions
- Fuel Purchase
- Permits on consumption or resale
- Equipment Safety & Pollution Control
Key Contracts
- TechnologySupplier/Licensor Contracts
- Multi-Utility/Multi-party Contracts
- Power purchase Agreements
- Sales & Marketing Contracts
- Government supply Contracts
- Tolling Agreements
- Major Equipment Contracts
Energy Industries
Contract Solutions
Energy companies today need an agile contract platform to keep up with the changing needs of multiple stakeholders in a turbulent regulatory environment. Whether you need to dispatch supply to respective grids or upgrade power conversion technologies to better efficiency, Optimus BT’s e Contracts + Office 365 provides an all-inclusive contract solutions best-suited for your ever-changing needs.
Client Obligations:
- Stakeholder and Sponsor Reporting
- Legal and Regulatory permits and licenses
- Performance Bonds, Guarantees & Insurances
- Incident and Uptime Management
- Warranty Claims
- Audits and Inspections, Preventive and Corrective Maintenance
- Market Price adjustments notices
- Invoicing & Payments
- Financial Reporting and Filing
Contract Visibility across Energy Value Chain
Energy Resources
Renewables
Fossil Fuels
Nuclear Fuels
Key Agreements & Obligations:
Production Sharing Agreements
Project Management Contracts
Pre FEED & FEED Contracts
DBFO (Design Build Finance Operate) Contracts
HSE Agreements
Conversion Technologies
Power Generation
Fuel Processing
Storage & Supply
Key Agreements & Obligations
Collective Purchase Agreements
Major Equipment & installation Contracts
EPC, EPCC, EPCM, EPIC Contracts
Fuel Processing Contracts
Warehouse & Infrastructure Contracts
End Use Technologies
Industry & Commerce
Agriculture
Household & Utilities
Key Agreements & Obligations
Commercial Utility Contracts
Power Distribution Contracts
Subcontractor supply Agreements
Equipment manufacturing Licenses
Green Energy & Chauffage Contracts
Energy Services
Transport Sectors
Commercial Sectors
Manufacturing Sectors
Key Agreements & Obligations
Undertaking & Decommissioning Contracts
ESAs & Power Sale & Purchase Agreements
Energy Savings Performance Contracts
Electricity Tariffs & Subsidies Agreements
GSC,SSC, First Out Contracts
Key Benefits
EASY TO USE
Ensuring Compliance across all departments
- One Central Repository with instant Tagging & Indexing
- Allocate, assign & even broadcast notifications to the counterparties
- All contract Work within the Microsoft ecosystem with Outlook & Word
EASE OF ACCESS
Increasing Efficiency in contract management
- Geo Tagging with local standard times
- Deadline Reminders with automated retention scheduling
- Advanced Search for contract records like pdf & word
SECURE
Imparting agility to nurture collaborative growth
- Separate governance areas of access permission &
- Data Filtering & Optical Character Recognition for highly secured records
- Physical Records-securely stored & managed in Azure Cloud
An alternative asset management organization, publicly listed in NYSE and with approximately $250 billion in assets under its management. The company has over a 100-year history of owning and operating assets with a focus on property, renewable power, infrastructure and private equity. Each business function required complex relationships with multiple parties across the value chain. They had to manage a plethora of supply & procurement deals and it was getting difficult to manage all contract obligations timely. eContracts helped them manage different contracts with different vendors across multiple departments and enabled them to reduce risk for missed renewals, redundant queries etc.
Know how Implementation of eContracts helped a multifaceted organization achieve scale and maintain successful vendor relationships across multiple business functions
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